In the application layer architecture of Mezo Network, the trading and liquidity layers are the core trading hubs of the entire ecosystem. This level centralizes various trading needs such as swapping, leverage trading, and hedging.



At this level, several key projects each play different roles. Velar, as the native perpetual contract DEX of Bitcoin, directly uses BTC as collateral, allowing users to efficiently trade perpetual contracts. Derive (formerly known as Lyra) mainly focuses on the provision of options and perpetual protocols, playing an important role particularly in hedging scenarios. This division of labor enables traders to flexibly choose trading tools based on their risk management strategies.
BTC-0.82%
DRV1.55%
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MerkleTreeHuggervip
· 2025-12-26 03:49
The idea of using BTC directly as margin in Velar really has some substance.
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GateUser-2fce706cvip
· 2025-12-26 03:48
I've said it before, the most important thing in the Mezo track is to seize the initiative at the trading layer. Velar and Derive's division of labor is essentially about capturing the commanding heights of the Bitcoin ecosystem. Time waits for no one, brother. Many people are still debating options versus perpetuals, but the trend is already very clear—whoever can master hedging will hold the key to wealth. It's not too late to get in now, but you must understand this logic clearly.
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MidnightGenesisvip
· 2025-12-25 21:14
On-chain data shows that Velar's BTC margin mode is indeed interesting... However, I have been monitoring recent contract changes on Derive, and I noticed some anomalies during late-night deployment. It is worth paying attention to the volatility logic of margin utilization.
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BearMarketBarbervip
· 2025-12-23 13:50
Well... the design of using BTC directly as margin in Velar is interesting, but is the liquidity depth sufficient?
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